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Considering the amount of people who watch E3, it's definitely a good time to reveal a game. The whole point of E3 is to showcase/reveal/generate hype for games and hardware. Spider-man is a good example of a game benefiting from it.

Personally, I think it's best for a game to be revealed when it's within a year or two of it's launch period so people can see some gameplay footage. When I saw the Days gone trailer, I wasn't really interested but after I saw the gameplay demo, I liked it because I got more a sense of what the game is like.